Global ETF News Older than One Year
World Bank-Remittances growth to slow sharply in 2015, as Europe and Russia stay weak; pick up expected next year
April 13, 2015--Potential to leverage migrant savings and remittances for development financing remains, says WB report
Growth in global remittances, including those to developing countries, will slow sharply this year due to weak economic growth in Europe, deterioration of the Russian economy and the depreciation of the euro and ruble, says the latest issue of the World Bank's Migration and Development Brief, released today.
Officially recorded remittances to the developing world are expected to reach $440 billion in 2015, an increase of 0.9 percent over the previous year. Global remittances, including those to high income countries, are projected to grow by 0.4 percent to $586 billion.
Migration and Remittances: Recent Developments and Outlook* Special Topic: Financing for Development
Source: World Bank
How Can Buy-Side Institutions Measure Their Relative Trading Performance?
April 11, 2015--"Best execution" is a term that can have different meanings depending upon your perspective. For example, sell-side participants may define it in the context of Regulation NMS's Rule 611-the order protection rule-as best price.
As we noted in our September 2014 seminar at Institutional Investor's International Trader Forum in Berlin, the U.K.'s FCA noted in their July 2014 "Thematic Review, Best Execution and Payment for Order Flow" that, "Best execution is broader than 'best price' and this is a major difference between Europe and other jurisdictions such as the U.S." The buy-side may be more closely aligned with Former SEC Associate Director for Examinations Gene Gohlke's definition as placing trades to minimize implementation costs.
Source: Bloomberg Trade Book
Citadel plots ETF block trades
April 10, 2015--Citadel Securities plans to start executing exchange-traded fund block trades by the end of the year
ramping up its capabilities in the products as assets in ETFs globally swell.
Source: Financial News
BlackRock ETP Landscape: March driven by non-US equity
April 10, 2015--NON-U.S. DEVELOPED MARKETS EQUITY ETP FLOWS SURGED IN MARCH TO SECURE BEST Q1 ON RECORD
Global ETPs gathered $36.1bn to lift Q1 flows to $97.2bn, nearly triple the total from Q1 2014
Nearly all of the March flows went to non-U.S. developed markets equity funds, led by a new high for European exposures of $14.8bn and accelerating Japanese equity flows of $8.3bn
Currency-hedged equity had its best month ever, accounting for $13.4bn spread across Europe, EAFE and Japan exposures as investors anticipated further strengthening of the U.S. dollar
Source: BlackRock- ETP Research
A-shares inclusion in MSCI indexes likely: analyst
April 10, 2015--Morgan Stanley Capital International(MSCI) has kicked off a second round of surveys among global institutional investors concerning listing A-shares in the MSCI All Country World Index and will make a final decision in June, according to Shanghai-based China Business News.
China's A-shares refer to shares of firms incorporated in mainland China, traded on the Shanghai and Shenzhen stock exchanges and quoted in renminbi. They are mostly traded by Chinese investors and some delegated overseas institutional investors.
Source: Chinese Times
DECPG Global Weekly- April 10, 2015
April 10, 2015--Taking Stock
Euro Area private sector continued to expand. The Markit Eurozone final composite output index climbed to an
11-month high of 54.0 in March from 53.3 in February (Figure 1). Both the manufacturing and service sectors
contributed to the expansion. The services Purchasing Managers' Index (PMI) came in at 54.2 in March, up from
53.7 in February, while the manufacturing PMI rose to 52.2 in March from 51.0 in February.
The Sentix investor confidence index for the Eurozone rose from 18.6 in March to 20.0 in April, the highest since August 2007.
Greece made loan repayment to the IMF. Greece repaid av€.450 million loan installment to the International Monetary Fund on Thursday, helping lift European stocks to a seven-year high. Greece has not received bailout funds since August last year and has resorted to measures such as borrowing from state entities to finance its operations. As a requirement for the release of the next tranche of aid funds, the Greek government proposed a new package of reform measures last week, which is still under review.
Source: World Bank
Assets in ETFs/ETPs globally reached a new record high of 2.926 trillion US dollars at the end of Q1 2015 according to ETFGI
April 9, 2015--Record levels of assets were reached at the end of Q1 for ETFs/ETPs listed globally at US$2.926 trillion, in the United States at US$2.094 trillion, Asia Pacific ex-Japan at US$119.6 billion and Japan at US$109.3 billion, according to ETFGI's preliminary monthly ETF and ETP global insight report for Q1.
The global ETF/ETP industry had 5,669 ETFs/ETPs, with 10,961 listings, from 247 providers listed on 63 exchanges in 51 countries.
Source: ETFGI
World Bank-Closing the $70 Billion Climate Finance Gap
April 8, 2015--STORY HIGHLIGHTS
The world's developed countries have committed to mobilize $100 billion a year by 2020, from public and private sources, to help developing countries adapt to the impacts of climate change and reduce their emissions.
The latest accounting of climate finance shows there is a gap of about $70 billion. Closing that gap is critical to building the trust necessary to reach a robust deal at the international climate talks in Paris in December.
The World Bank Group and others are now analyzing and working on ways to mobilize that finance.
Seventy billion dollars is about one-third of the airline industry’s fuel bill in 2012, and less than the net worth of the world's three wealthiest people.view more
Source: World Bank
IMF-Plain Vanilla Investment Funds Can Pose Risks
April 8, 2015--Asset management industry plays rising role in financial system
Role has benefits, risks for financial stability
More "hands on" supervision needed, with better data, oversight
Even simple investment funds such as mutual funds can pose financial stability risks, and regulators need to know more about them through hands-on supervision, and better data and oversight, according to new research from the International Monetary Fund.
Asset management firms help investors diversify their assets easily. The industry can also be a “spare tire” for financing the real economy when banks are distressed. Compared to banks, investment funds offered by asset managers are less likely to default because end investors bear losses and gains from the funds' assets.
Source: IMF
Global Financial Stability Report (GFSR)
April 8, 2015--Contents
Chapter 2: International Banking After the Crisis: Increasingly Local and Safer?
Chapter 2 analyzes developments in international banking since the global financial crisis. It highlights a shift from direct cross-border lending to local lending by foreign banks' affiliates. The decline in cross-border lending can be explained by a combination of regulatory changes, weaknesses in bank balance sheets, and macroeconomic factors.
view Chapter 2: International Banking After the Crisis: Increasingly Local and Safer? Chapter 3: The Asset Management Industry and Financial Stability
Chapter 3 examines potential risks stemming from the asset management industry, focusing on "plain-vanilla" products, such as mutual funds. Even these vehicles may pose financial stability risks due to incentive problems between portfolio managers and end investors (which may lead to herding) and due to run risk stemming from liquidity mismatches. The empirical analysis finds evidence for many of these risk-creating mechanisms, although their importance varies across markets. Oversight of the industry should be strengthened, with a better microprudential supervision of risks and by adopting a more-encompassing (macroprudential) approach. view Chapter 3: The Asset Management Industry and Financial Stability
Source: IMF
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
